Digital Rights Management Market - Forecast(2024 - 2030)
Overview
Global Digital Rights Management
(DRM) Market size is expected to reach $4.35 billion by 2025, at a CAGR of
15.12% during 2020-2025. The rise in
web-based data has increased the necessity of streamlining secured data access
and its management. DRM Technologies protects the interest of copyright holders
and has become an essential tools for securing any digital content. The use of technological protection measures
(TPM) and access control technologies have become highly inevitable in digital
content due to rising threat from online hackers, which is further creating
market growth for DRM market. Similarly,
the government in various countries is mandating to ensure increased security
for digital data, which is further increasing the demand for digital right
management solution. In addition to technology these benefits, advanced such as
block chain platform are increasing the capabilities of digital right
management software, and making it more secured and convenient tools for
enterprises and other industrial applications.
Report Coverage
The digital right management
market report: “Digital Right Management
Industry Outlook – Forecast (2020-2025)”, by IndustryARC, covers an in-depth
analysis of the following segments of the Digital Right Management Market.
Key Takeaways
- North America dominates the Digital Right Management market owing to rising consumption of digital media in the United States.
- Cloud based deployment is expected to accelerate the digital right management market at a faster pace due to less initial investment.
- The rapid growth in digital contents worldwide is expected to accelerate the digital right management market.
- The rising popularity of online streaming and online gaming are expected to bring new opportunity for digital right management industry.
Application Type - Segment Analysis
Digital Right Management Market
is likely to register a CAGR of 19.87% from media and entertainment
application. With the availability of high speed internet and rising popularity
of subscription based entertainment tools, the demand for digital right
management software is likely to witness significant growth during forecast
period. For instance, music streaming
revenues in the United States valued at approximately $7 billion in 2018, while
subscription video-on-demand services were estimated at $11 billion. The
revenue generated from video streaming and music streaming services together
have witnessed a growth of more than 20% during 2016-2018. Hence, Digital Right
Management being important tools for getting copyright protection for these
digital content are likely to accelerate
the market growth during forecast period.
Deployment Type - Segment Analysis
Cloud based deployment of Digital
Right Management Software is expected to grow at CAGR of 17.59% during
2020-2025. Growing adoption of cloud
based solutions by enterprises are increasing the volume of digital data
transaction and making the cloud based deployment of software more convenient. In
2019, approximately 80% of companies worldwide were using some form of cloud
based services. Cloud Computing market is expected to reach $375 billion by
2025, growing at a CAGR of 18.45% during 2020-2025. It is also expected that by 2020, 60%
enterprise software will be cloud based. Similarly, the mobile data consumption
worldwide is expected to increase at a CAGR of 40% during 2016-2021, owing to
availability of high speed internet connectivity. Cloud based digital right
management will be the most effective and cost effective solution to handle those
large amount of digital content.
Geography - Segment Analysis
In 2019, the Digital Right
Management market hold the largest market share of approximately 34.38%. The
presence of prominent domestic solution providers, growing popularity of
digital contents, and widespread adoption of new technology makes the North
America region a lucrative market for Digital Right Management software. . The U.S. is the major country in this region
to generate maximum revenue due to the growing requirement for digital rights
solutions in the media and entertainment sector. In 2018, online video
subscriptions in United States reached approximately $180 million, with a Y-o-Y
growth of more than 15%. Netflix
subscribers in United States have increased by more than 11% during 2017-2019.
This has led to increased demand for Digital Rights Management solution in this
region.
Drivers – Digital Right Management Market
·
Growing
volume of digital content
Digital right
management is a key tool to protect digital content. In recent time, this
particular solution is finding widespread application due to growing
consumption of data in digital format. Since 2016, most of the media
consumption are seen in digital formats. Availability of high speed internet
connectivity and rising adoption of smartphones are rapidly increasing the
demand for digital media since 2016. Further, the upcoming deployment of 5G
technology and increasing adoption of IoT based devices are likely to increase
the digital content at a greater pace during the forecast period. In 2018,
video and audio streaming generated approximately 80% of Consumer Internet Data
Traffic globally. Similarly, in 2018, over 85% of American ages 18 or more were
using smartphones, which has led to growing digital media and data consumption
in this region.
Digital Right Management Market
The introduction of block chain technology in DRM solution have increased the flexibility of software to work on a distributed system and provide a solution to the double spending problem. Hence, these kind of technology is likely to be proven more beneficial for crypto currency and other financial transaction. In 2018, Sony announced the development of new blockchain-based digital rights management system. This new technology will help to manage copyright-related information for digital content, citing educational content as a prime use case.
Challenges – Digital Right Management Market
·
High cost
of Digital Right Management solution
The cost of the Digital
Right Management solution include initial software license fee, annual
maintenance fee, and development and deployment fee. In total, a typical DRM
could cost between $15,000 to $22,000. For instance, Adobe offers the solution
with initial license fee at $10,000, Annual maintenance fee at $1,500, and
development and deployment fee at $10,000-$15,000. There are several other cost
effective alternatives such as password protection, watermarking available to
replace digital right management solutions. Thus, the high cost of product may
likely to restrain the digital right management market during the forecast
period.
Market Landscape
Digital Rights Management market top 10 companies include Kudelski, Intertrust Technologies Corporation, Adobe Systems Incorporated, Oracle Corporation, Apple, Microsoft Corporation, Locklizard , Vaultize Technologies,Verimatrix ,OpenText , Seclore Technology,Vera Security ,Vitrium Systems ,Dell EMC, Fasoo, Intralinks, Nextlabs. The Digital Rights Management market share held by of top 5 players were estimated approximately 34.52% in 2018. Acquisition, partnership, and Service differentiation are the key strategies adopted by most of the companies in this market.
Acquisitions/Technology Launches
Ø In
2019, Intertrust acquired Viteos for USD330 million. This acquisition will help
Intertrust to offer tech-enabled corporate and fund solutions.
Ø In
2019, OpenText announced to buy Carbonite, a data protection and end-point
security company for $1.42 billion for expanding its product offerings.
LIST OF TABLES
LIST OF FIGURES
1.US Digital Rights Management Market Revenue, 2023-2030 ($M)2.Canada Digital Rights Management Market Revenue, 2023-2030 ($M)
3.Mexico Digital Rights Management Market Revenue, 2023-2030 ($M)
4.Brazil Digital Rights Management Market Revenue, 2023-2030 ($M)
5.Argentina Digital Rights Management Market Revenue, 2023-2030 ($M)
6.Peru Digital Rights Management Market Revenue, 2023-2030 ($M)
7.Colombia Digital Rights Management Market Revenue, 2023-2030 ($M)
8.Chile Digital Rights Management Market Revenue, 2023-2030 ($M)
9.Rest of South America Digital Rights Management Market Revenue, 2023-2030 ($M)
10.UK Digital Rights Management Market Revenue, 2023-2030 ($M)
11.Germany Digital Rights Management Market Revenue, 2023-2030 ($M)
12.France Digital Rights Management Market Revenue, 2023-2030 ($M)
13.Italy Digital Rights Management Market Revenue, 2023-2030 ($M)
14.Spain Digital Rights Management Market Revenue, 2023-2030 ($M)
15.Rest of Europe Digital Rights Management Market Revenue, 2023-2030 ($M)
16.China Digital Rights Management Market Revenue, 2023-2030 ($M)
17.India Digital Rights Management Market Revenue, 2023-2030 ($M)
18.Japan Digital Rights Management Market Revenue, 2023-2030 ($M)
19.South Korea Digital Rights Management Market Revenue, 2023-2030 ($M)
20.South Africa Digital Rights Management Market Revenue, 2023-2030 ($M)
21.North America Digital Rights Management By Application
22.South America Digital Rights Management By Application
23.Europe Digital Rights Management By Application
24.APAC Digital Rights Management By Application
25.MENA Digital Rights Management By Application
26.Apple Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Adobe Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.EMC Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Hewlett-Packard, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.IBM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Microsoft Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Oracle Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Sony Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Verisign Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)